Wealth Enhancement Advisory Services LLC Takes Position in Quanta Services Inc (NYSE:PWR)

Wealth Enhancement Advisory Services LLC acquired a new stake in Quanta Services Inc (NYSE:PWR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,586 shares of the construction company’s stock, valued at approximately $1,008,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Quanta Services by 3.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,264 shares of the construction company’s stock valued at $312,000 after purchasing an additional 297 shares during the last quarter. First National Bank of Omaha grew its stake in shares of Quanta Services by 0.3% in the second quarter. First National Bank of Omaha now owns 146,928 shares of the construction company’s stock valued at $5,611,000 after buying an additional 372 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Quanta Services by 5.1% in the first quarter. Rehmann Capital Advisory Group now owns 8,485 shares of the construction company’s stock valued at $320,000 after buying an additional 412 shares in the last quarter. First Interstate Bank grew its stake in shares of Quanta Services by 0.8% in the first quarter. First Interstate Bank now owns 65,460 shares of the construction company’s stock valued at $2,470,000 after buying an additional 490 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Quanta Services by 65.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,320 shares of the construction company’s stock valued at $50,000 after buying an additional 520 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.

Shares of NYSE:PWR traded up $0.68 during midday trading on Friday, hitting $33.14. The stock had a trading volume of 409,106 shares, compared to its average volume of 1,560,570. Quanta Services Inc has a 12 month low of $27.90 and a 12 month high of $41.00. The company has a quick ratio of 1.93, a current ratio of 1.97 and a debt-to-equity ratio of 0.45. The business’s 50-day simple moving average is $36.72 and its 200-day simple moving average is $37.04. The company has a market cap of $4.78 billion, a P/E ratio of 13.10 and a beta of 1.17.



Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.45). Quanta Services had a return on equity of 11.41% and a net margin of 2.80%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that Quanta Services Inc will post 2.9 earnings per share for the current year.

Several research firms recently weighed in on PWR. ValuEngine cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Citigroup raised their target price on shares of Quanta Services from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.00.

Quanta Services Company Profile

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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